A new project broke ground down the street from our office in Royal Oak recently (150 West 2nd Street; south side of 11 Mile, west of Main Street), so naturally people keep asking “how much the new condos” near our office are going to cost. Unfortunately, this building will consist of entirely high-end office space and parking.
Southfield-based development firm Etkin LLC is developing the $20M building, and plans to move their headquarters there as well. According to Crain’s Detroit, 85% of the building has already been leased, with research firm Gongos Inc., investment bankers Stout Risius Ross, and an unnamed Oakland County law firm rumored to be the other main tenants.
However, if you feel living in an office or parking space is something you’d consider, act fast because they’re attracting tenants at an impressive pace.
More Articles
Metro Detroit
NEWSLETTER: OCTOBER 2024
HOLIDAY MARKET FOR THOSE WHO CELEBRATE. The holidays are almost here since the consensus seems to be that Halloween has...
October 15, 2024
Read MoreMetro Detroit
6105 JASMINE DRIVE
Low-maintenance living in the coveted Trillium Park neighborhood, 6105 Jasmine was built by MJC and boasts a commute-friendly location near...
September 20, 2024
Read MoreMetro Detroit
NEWSLETTER: SEPTEMBER 2024
LOCAL FOCUS NY TIMES EXPLORES NATIONAL HOUSING CRISIS VIA KALAMAZOO. For everything that affects the housing market - interest rates,...